$BTC : panic or bottom formation?
The last few days for Bitcoin have been super volatile. BTC dipped below $60,000 twice, then bounced back to the $61,000 range. Liquidations topped $1 billion in a day, with long positions taking the hardest hit. Such events often indicate a market clean-up from excess leverage.
Meanwhile, long-term metrics are already highlighting a potential bottom zone. According to the CVDD model, it lies in the $46,000–54,000 range. More conservative indicators allow for a drop to $35,000–40,000, but the likelihood of that scenario seems lower for now.
Interestingly, each Bitcoin cycle is becoming less severe. While previous dips exceeded 80%, the market is currently about 50% off its all-time high. This could indicate the market is maturing gradually.
The main risk factor remains unchanged — outflows from BTC-ETFs and weak demand. The behavior of big players will show whether we are witnessing a bottom formation or if the correction is still ongoing.
In times like these, it's essential to watch not the crowd's emotions but the movement of capital. That usually hints at the next big trend.
#UkrainianContent #bitcoin
The last few days for Bitcoin have been super volatile. BTC dipped below $60,000 twice, then bounced back to the $61,000 range. Liquidations topped $1 billion in a day, with long positions taking the hardest hit. Such events often indicate a market clean-up from excess leverage.
Meanwhile, long-term metrics are already highlighting a potential bottom zone. According to the CVDD model, it lies in the $46,000–54,000 range. More conservative indicators allow for a drop to $35,000–40,000, but the likelihood of that scenario seems lower for now.
Interestingly, each Bitcoin cycle is becoming less severe. While previous dips exceeded 80%, the market is currently about 50% off its all-time high. This could indicate the market is maturing gradually.
The main risk factor remains unchanged — outflows from BTC-ETFs and weak demand. The behavior of big players will show whether we are witnessing a bottom formation or if the correction is still ongoing.
In times like these, it's essential to watch not the crowd's emotions but the movement of capital. That usually hints at the next big trend.
#UkrainianContent #bitcoin